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Fresh Meat Packaging Market Analysis by Type (Fresh, Frozen, and Processed Meat); by Product Type (Beef, Pork, Poultry, Seafood, and Others); by Material (Polyethylene, Polyvinyl Chloride, Polypropylene, Polyamide, Ethylene, Vinyl Alcohol, and Others); and by Packaging (Vacuumed Skin & Thermoformed, Modified Atmosphere, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Cascades Inc. to launch isothermal packaging technology and also introduces a new production site. The company is more focused on the expansion of its line of meal boxes. The technology is 20% more effective than its ongoing home delivery solution.

  •  Amcor Limited unveils its new technology, PowerPost, that delivers a better consumer experience. This technology is next-generation and provides more sustainable packaging services. The bottles made from this technology are 30% lighter and manufactured with 100% recycled material.

Global Fresh Meat Packaging Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~10%

Base Year Market Size (2022)

~USD 500 Billion

Forecast Year Market Size (2033)

~USD  800 Billion

 

The global fresh meat packaging market is estimated to garner a revenue of USD 800 billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 500 billion in the year 2022. The growth of the market can primarily be ascribed to the higher consumption of meat across the globe. For instance, the consumption of meat by the global population is estimated to hit approximately USD 100,000 million kg by 2027.

fresh meat market overview image

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Global fresh meat packaging market trends such as, skyrocketing demand and consumption of meat across the globe are projected to influence the growth of the market positively over the forecast period. The consumption of meat was estimated to be around 13 kg per person in 2022 across the globe. Moreover, exponential growth in the poultry industry is further expected to hike the growth of the market over the forecast period. For instance, in 2022, the total production of poultry meat was valued at about 4 million metric tons in India alone. Therefore, such factors are expected to fuel market growth over the forecast period.

Global Fresh Meat Packaging Market: Growth Drivers and Challenges

Growth Drivers

  • Higher Demand for Meat to Boost the Industry Growth  As of 2021, the global meat industry was estimated to touch approximately USD 900 billion and is expected to hit around USD 1 trillion by 2027. Fresh meat is meat that hasn’t been through any sort of preserving process such as, chilling, quick-freezing, and freezing. Fresh meat is generally kept in a controlled atmosphere and vacuum-wrapped. It is considered to be a great source of protein and is very important to repair the tissues in the body. Furthermore, fresh meat is also helpful for hormones and enzyme production. Hence, such benefits and higher demand are expected to propel the growth of the market
  • Rising Gym Membership to Hike the Demand for Fresh Meat It was estimated that in 2019, nearly 65 million people became gym members and visited the gym. The average number of gym visits was estimated to be about 110 days in a year.
  • Increasing Sales of Ready-to-Eat Meat For instance, it was observed that approximately 300 million tons of ready-to-eat meat are consumed every year.
  • Spiking Inclination of the Population Toward Cattle Meat For instance, approximately 70 million tons of cattle meat is consumed every year across the globe.
  • Remarkable Increment in the Adjusted Net National Income As per the data released by the World Bank, the adjusted net national income reached 8,806 U.S. dollars per capita in 2020.

Challenges

  • Lack of Sterilized and Appropriate Storing Areas
  • Decline in the Supply-Chain due to COVID-19
  • Rising Awareness of Saving Wildlife and Against Hunting

The global fresh meat packaging market is segmented and analyzed for demand and supply by product type into beef, pork, poultry, seafood, and others. out of which, the poultry segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the rising sales and consumption of eggs, broilers, turkeys, chicken, geese, ducks, and others. For instance, the sales generated by the poultry segment were estimated to be around USD 35 billion in 2020.

Global Fresh Meat Packaging Market Regional Synopsis

Regionally, the global fresh meat packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033. The growth of the market in the region can be attributed to the higher number of people consuming meat and increasing awareness of a healthy lifestyle. As of 2022, the fresh meat segment in the United States was anticipated to reach around USD 100 billion while the average volume per person was estimated to be around 40 kg. Hence, all these factors are expected to hike the market growth in the region over the forecast period.

fresh meat  market share image

The global fresh meat packaging market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global fresh meat packaging market includes the following segments:

 

            By Type

  • Fresh
  • Frozen
  • Processed Meat

 

            By Product Type

  • Beef
  • Pork
  • Poultry
  • Seafood
  • Others

 

 

           By Material 

  • Polyethylene
  • Polyvinyl Chloride
  • Polypropylene
  • Polyamide
  • Ethylene
  • Vinyl Alcohol
  • Others

 

           By Packaging

  • Vacuumed Skin & Thermoformed
  • Modified Atmosphere
  • Others

Top Featured Companies Dominating the Global Fresh Meat Packaging Market

  • Cascades Inc.

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Berry Global Inc.
  • Amcor Limited
  • Thantawan Industry plc
  • Winpak Ltd
  • Sealed Air Corporation
  • Constantia Flexibles Group GmbH
  • Mondi Group
  • Amerplast Ltd.
  • Faerch A/S

 

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